What is Digg?130 Comments
- Pusod, on 10/03/2008, -2/+28Bring it on economy! I am ready for what you have to dish out! I have my solar power, my wind turbine in my back yard, my water source from my well, 20 acre plot of land where I can plant my crops, raise farm animals and live off the grid and become self sufficient. You can't touch me and my family economy!
- spinchange, on 10/01/2008, -1/+27Here's is the actual 5/30/08 interview where Schiff made these dire predicitions
(link not found in csinvestor post)
http://www.usnews.com/articles/business/your-money ... - GumGuts, on 10/03/2008, -0/+22“There will be a big increase in crime. People are going to be hungry. People are going to be cold. Terminators will be every where. There will be no stopping the machines, and people will be looking for someone to blame."
- dvsbastard, on 10/03/2008, -3/+19Correct me if I am wrong, but isn't poverty already a widespread issue in the U.S.?
I guess this just means more people will fall below the poverty line... This isn't good news at all... - TokenBlack, on 10/03/2008, -1/+16I buried you because I'm jealous of you, not that your comment deserves a bury or anything.
- odigity, on 10/03/2008, -0/+14All the Free Trade agreements actually implement the opposite of free trade - they are in fact managed trade agreements, purely for big business against small business.
In the modern world, everything is presented as the opposite of what it is. The USA PATRIOT Act being the most well known example.
Capitalism has taken the blame for society's ills for over a hundred years, but that myth was actually created by the wealthy and powerful, who are actually responsible, but who perpetrated their evil in *collusion* with government, not in spite of it. Without government to partner with, businesses would be impotent to harm others on a large scale.
Did you know the Iraqi Constitution specifies that Iraqi farmers must buy their seeds from Monsanto? Don't believe me - go hit google and check. - MrSparkle666, on 10/03/2008, -0/+13I remember taking macroeconomics in college. Almost everything I learned in that class made a lot of sense. It all fit together like neat little puzzle pieces, or cogs in a machine. Then, one day we calculated the GDP and learned about trade deficit. I was completely shocked to find out how huge our trade deficit is. How could this be? Unlike everything else I had learned about our economy, this didn't make any sense.
I asked the professor how it could be possible. Won't we have to pay that deficit back by producing more goods and spending far less money on imports? That's the only reasonable solution I could think of to balance the equation. The professor told me that it didn't matter, that it had been that way for a long time, and we are the United States and we don't have to follow the rules exactly. Really? I thought, I guess I don't understand macroeconomics after all.... - odigity, on 10/03/2008, -2/+13Things get better with action, not optimism. The fact that the talking heads on TV are always talking about "consumer confidence" and "confidence in the markets" should be a clue to you that the whole ***** thing is a house of cards built on illusion, not solid foundations.
And the Federal Reserve is at the heart of it. - Pusod, on 10/03/2008, -0/+11Hey! Digg me back up and you and your family can move in with us as long as you can help us around the "farm". Deal?
- XedLos, on 10/03/2008, -1/+12I hope? I bet you also believe in "change". Schiff has been talking about this for years and he has been right. He is an economic adviser to Ron Paul and they know what they are talking about.
- craigatwork, on 10/03/2008, -1/+10if things get bad, folks, don't give anyone the reason to implement martial law. stay non violent if you protest. for goodness sakes.
- odigity, on 10/03/2008, -1/+10Aside from his own very well established career and track record, he was also Ron Paul's Economic Advisor during the campaign. Schiff accepted the position lightly, joking that it was funny because Paul was the only candidate who *didn't* need Schiff's help. :)
- OGla, on 10/03/2008, -0/+8I have a shotgun.
- odigity, on 10/03/2008, -1/+9He's not an economist? Oh... no wonder he's not blinded by the flaws, lies, and propaganda in modern economic theory. That explains why he's able to see reality!
Thanks for clearing that up. - odigity, on 10/03/2008, -0/+7A child knows more about economics than most economic professors, because a child is not starting with the handicap of years of lies and propaganda. :)
- Richandler, on 10/03/2008, -1/+8The same Warren Buffet who is buying up bank stocks in hopes of a bail out. Yeah sure, when you are basically insider training you can't lose.
- allengeer, on 10/03/2008, -1/+8and what about your internets?
- cuecat, on 10/02/2008, -7/+14I hope this guy has no clue what he is talking about, otherwise we are all screwed.
- salter84, on 10/03/2008, -1/+8That guy owes schiff 1 penny... If he still has a penny to give.
- OfficialJoe, on 10/03/2008, -3/+10Who is knocking on my door? Oh, the US? Welcome to the Third World my friend.
- African on Digg - allengeer, on 10/03/2008, -0/+6yea I'll tell you one thing. Here in Houston, I'm not going to be cold.
- Stryder81, on 10/03/2008, -3/+9Every single video ( and then some ) that Peter is in is worth every minute.
He has been dead on every single time. - cdigioia, on 10/03/2008, -11/+17FTA: "Every financial call Schiff has made has turned out to be right"
Hardly...if I recall correctly, this guy says things are going to hell on a constant basis. Following his advice, investors would have shorted almost every sector of the market for the past 10 years - and royally ***** themselves over. He's an attention seeking hack who constantly says things are ***** - which, astonishingly (/s for the idiots) sometimes things are, so he occasionally gets his moment of fame.
It's just like someone randomly picking the winner of a football game, 50% of the time they're right...every time!
For real insight, go to Warren Buffet, who is actually right enough to have amassed tens of billions of dollars. Maybe Schiff is right, I don't know, but the thing is, neither does he. - sunamc, on 10/03/2008, -0/+5I agree with Odigity. That all the more reason to listen to him. He has not been indoctrinated by mainstream economics i.e. neo-classical and new-keynesian schools.
- kevflood, on 10/03/2008, -1/+6Yeah you're ready for the economy but not your neighbours....
they gonna come and rape and pillage yo ass - odigity, on 10/03/2008, -0/+5Man, I wish the Terminator would go back to 1913 and kill Nelson Aldrich instead of Sarah Conner.
- odigity, on 10/03/2008, -0/+5Don't act so surprised. The world isn't split up into the two false caricatures that modern political propaganda would have you believe. The supposed "left" and "right" mix freely at environmental and sustainable living conventions. There's common ground between caring about the environment and wanting to be free.
I'm what Ron Paul calls a Property Rights Environmentalist. And I can't wait to finish building my new house, which will be fully sustainable and off the grid. That's freedom. Then I can interact with the world (or not) on my own terms, not out of desperation and servitude. - algaeturd, on 10/03/2008, -1/+6Wait, wait, wait...an American suggesting that if something is ignored it'll go away? I'm SHOCKED. That's what Americans do, right? Ignore stuff all the time. Hope it gets better on its own and then it gets worse.
- frankb00th, on 10/03/2008, -0/+4cryosteel :
I witnessed international trading laws being broken again and again as part of my duties at my former workplace which is an online trading center for electronic components (chips, ICs etc....). I had to oversee US/China trading disputes over counterfeit, junk, or sold-as-new refurbs. Before 2002 such types of losses ran around 150K a year versus millions of dollar monthly in successful transactions .Then the Asian free for all started,regulations ignored for the sake of cheaper goods. Nothing else. Chip makers still build factories there, faulty production runs meant to be destroyed wind back into circulation and repackaged with state-of-the-art equipment that counterfeits labels and even the markings on the parts.
So yes, based on the real world experience overseeing a circus of ***** and double talk I can support your statement fully and add more gruesome stories on the OCEAN of dishonesty we face. - shrewd1983, on 10/03/2008, -0/+4Nothing Obama or McCain can't fix, right guys?
*cough* *cough* - Blacksoth, on 10/03/2008, -0/+4He knows what he's talking about. I'm surprised to hear such common sense and straight talk from what is usually a talking head on shows like that.
- Pusod, on 10/03/2008, -1/+5I save that for when the space aliens cometh. What kind of question is that? Is that a movie reference from Signs?
- pstroll, on 10/03/2008, -3/+7Peter Schiff is not an economist. He is a broker/dealer who has made some very good and very bad investment calls.
- Pusod, on 10/03/2008, -0/+4Theres a diner (and 7 other hot spots) less than a mile from my house. I have a powerful high gain antenna hooked up to my wireless card that can receive their signals. I'm good to go.
- odigity, on 10/03/2008, -0/+4Self-reliant and well-armed people are actually of the greatest value to their neighbors. I specifically chose the spot to build my house based on the community around me being self-reliant and well-armed.
- GordonFree, on 10/03/2008, -0/+4How long will it last?
I'm waiting for my fiancee's Visa to go live with my girlfriend/wife to California! What the ***** - talk about bad timing for this ***** to happen now.
How long should it last until it's sorted out? And when would it start getting felt more intensely? - DumbKid, on 10/03/2008, -0/+4I hope so man... it all kind of makes sense to me. He predicted the ***** we are in now two years ago.
- algaeturd, on 10/03/2008, -3/+7Oh, *****. You think THIS lifestyle is POVERTY?
Puts things into real perspective. Even the poor live like Kings in the U.S. The rich live like GODS.
And that's what's causing this dire outlook.
I still get a kick out of you suggesting that poverty is widespread in the U.S.
You have ZERO understanding of what poverty is but before this is over, you will, unfortunately. Do you ever see third world country images...where people don't have food, water, oil, cars and homes?
THAT, my friend, is poverty. You don't see real poverty in the U.S.
Why is that? Because everyone lives on the credit that the banks have been handing them over with no restraint. - leelandpalmer, on 10/03/2008, -0/+4pstroll is not an astute person. He is a nitwit/crackpot who has made some very silly posts and some very bad investment comments.
Seriously tho, we need more Schiffs in the world who bravely call 'em like it is, instead of the shills, conformists, and wishful thinkers that currently infest the government and the media. - Pusod, on 10/03/2008, -1/+4Like OGla said I have a shotgun... and several other weapons in my arsenal. And so do the people who live on my property.
- sodade, on 10/03/2008, -0/+3"Did you know the Iraqi Constitution specifies that Iraqi farmers must buy their seeds from Monsanto? Don't believe me - go hit google and check."
I checked. You are right. OMG - cryosteel, on 10/02/2008, -2/+5Since protectionists and nationalists are demonized by international finance and their media cohorts, the only other "choice" we are "allowed" is to open ourselves up to global "free" market exploitation. Hunger and cold homes results will speak for themselves.
- odigity, on 10/03/2008, -2/+5You're missing the point. Confidence is not the issue. The fact that our current systems supposedly require confidence is the issue. Real value isn't fleeting, and solid rational systems don't depend on faith.
Again, the Federal Reserve is at the heart of it. Start your research there. And please start soon, this is important, and many people have spent a great deal of time producing educational and entertaining materials on this on the web, so there's no excuse not to be informed. - TexanRudeBoy, on 10/03/2008, -0/+3The problem is most of our economic thought is based on the fallacies of Keynes. Had the Austrians been listened to a little more things would probably be different, but the government will never choose living within their means, that's why they use Keynes' model.
- edwinjose, on 10/03/2008, -1/+4This guy is my favorite economist... I agree with most of the things he says.
- jhuik, on 10/03/2008, -1/+4fta:"Every financial call Schiff has made has turned out to be right"
He's the world's first perfect human being!
We can now retire the phrase "nobody's perfect"! - Volatile36, on 10/03/2008, -0/+3You forgot to add him eating children and ***** on the poor.
- odigity, on 10/03/2008, -0/+3When he became Ron Paul's advisor, that's the first thing I checked. :) I don't believe they're related. Everything I've seen says Peter's the real deal.
- inactive, on 10/03/2008, -0/+3Yeah, but there's supposed to be a set amount of poor people.
What he's talking about is widespread poverty. That means the middle class. - seraph582, on 10/03/2008, -0/+3yeah you are! Look at all the Digg comments saying this guy's correct SO often! (lol)
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